This weeks brings quite a predictable cut on the golden market, which would change with new growth according to the words of various experts, which will obviously reach another maximum in $500 within 12 months. Well than, new “golden” HYIP are going to appear?
At the same time, the tendencies are positive on the dollar market. The renewal of the demand for dollar dominate euro on Monday morning. The pair is expected to break the psychological support for $1.200 at the beginning of this week. The stable dollar status is partly caused by the relief, that “Rita” hurricane turned out to be not so strong as it expected to be, and partly by the break of the key elements of the technical resistance for the dollar last week and on Monday for euro, sterling and yen.
Currently the financial markets evaluated one more increasing of the Fed bid at the meeting in November. In case markets will come to life this week in response to the commentaries of FRS representatives, the markets should expect another bid rise – and at the meeting in November – dollar will possibly reacts positively”, said Vakhid. “If Fed`s rhetoric will be tough, it might become the catalyst for increasing the dollar purchase”, - he thinks.
Copyright©2004 Gold-Horizons
